Weekly Recap (8/8-8/12)

This is Part 2 of the 1st half of August recap–this is gonna be a long blog post. Most of my stop orders were entered on Tuesday morning (Aug 9) at the start of the AU session, while some were added like EURGBP trades since the initial TP was hit early. A few of the setups I did were hit while I was away, so the only screenshots I have for them were either in the middle of the trade or right after the TP/SL was hit. The basis of my trades was simply riding whatever trend was forming in various currency pairs the week after July 2016 US NFP report release last August 5–there weren’t any major news events on the 2nd week of August so I went “blind” so to speak, and simply focused on price action.

So happy to get my groove back! My gains now so far are more than enough to offset last month’s losses. If I’ve become consistent with my gains for another month or 2, I’m planning to increase my position sizing, from 0.01 to 0.02 lot, then eventually 0.05. Once my equity grows into a considerable size for me to open 2-3 more real accounts (either for PAMM or for EA robots, or both but in separate accounts), that’s the only time I’ll start trading in 0.10 lot and up.